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UBS plans buffered return optimization notes on SPDR S&P Homebuilders
By Susanna Moon
Chicago, Oct. 16 - UBS AG, London Branch plans to price 0% buffered return optimization securities due Oct. 31, 2014 linked to the SPDR S&P Homebuilders ETF, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 20% to 24%.
Investors will receive par if the shares fall by up to 10% and will be exposed to any losses beyond 10%.
UBS Financial Services Inc. and UBS Investment Bank will be the agents.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 90269V660.
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